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Caterpillar Inc (CAT)

CAT on New York Consolidated

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24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Caterpillar says the IRS has challenged co's taxes for years 2007 – 2012
Friday, 10 Mar 2017 01:41pm EST 

Caterpillar Inc : Caterpillar says the IRS has challenged Caterpillar’S taxes for years 2007 – 2012 . "We disagree with the IRS’ position, have cooperated for requests for information" . "Believe that we are compliant with tax laws and stand by our financial reporting" . "Company was not contacted by the government nor the author prior to the report being obtained by the media" Further company coverage: [CAT.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Caterpillar and Trimble partners to bring on-highway telematics to construction operations
Wednesday, 8 Mar 2017 06:32am EST 

Caterpillar Inc - :Trimble , co are partnering to bring on-highway telematics to construction operations.  Full Article

Caterpillar continues to cooperate with law enforcement
Thursday, 2 Mar 2017 04:22pm EST 

Caterpillar Inc : Caterpillar continues to cooperate with law enforcement . Says law enforcement authorities entered 3 peoria-area caterpillar facilities to execute a search and seizure warrant . Caterpillar inc says the warrant is focused on collection of documents and electronic information .Caterpillar - believe execution of search warrant regarding export filings related to csarl matter first disclosed in form 10-k filed on feb 17, 2015.  Full Article

Law enforcement officials searching Caterpillar HQ in Illinois - CNBC
Thursday, 2 Mar 2017 10:50am EST 

: Law enforcement officials searching Caterpillar HQ in Illinois - CNBC Further company coverage: [CAT.N] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Continental and Caterpillar Inc. sign agreement to equip CAT Off-Highway-Trucks
Wednesday, 22 Feb 2017 04:16am EST 

Continental AG :Continental and Caterpillar Inc. have signed an agreement to equip CAT Off-Highway-Trucks (model series 770 to 775) with Continental RDT-Master tires in sizes 18.00R33, 21.00R33 and 24.00R35.  Full Article

Caterpillar's law public policy executive VP retires
Thursday, 9 Feb 2017 09:00am EST 

Caterpillar Inc - : Caterpillar announces executive officer retirement .Law and public policy executive vice president Jim Buda is retiring.  Full Article

Caterpillar to establish global headquarters in Chicago area
Tuesday, 31 Jan 2017 09:39am EST 

Caterpillar Inc : Caterpillar to establish global headquarters in Chicago area . Says current headquarters building will continue to be used for Caterpillar offices . As result of continuing challenging market conditions, caterpillar will not build previously announced headquarters complex in Peoria . Says "a limited number of senior executives will move into leased office space beginning in 2017" .Once new location is fully operational, co expects about 300 employees to be based there, including some positions relocated from Peoria.  Full Article

Cat Financial posts Q4 profit of $85 mln, down 25 pct
Thursday, 26 Jan 2017 07:31am EST 

Caterpillar Financial: Reported fourth-quarter 2016 revenues of $642 million, a decrease of $6 million, or 1 percent . Fourth-quarter 2016 revenues of $642 million, a decrease of $6 million, or 1 percent, compared with Q4 of 2015 .Fourth-quarter 2016 profit was $85 million, a $29 million, or 25 percent, decrease from Q4 of 2015.  Full Article

Caterpillar reports Q4 loss per share $2.00
Thursday, 26 Jan 2017 07:30am EST 

Caterpillar Inc : Caterpillar reports 2016 fourth-quarter and full-year financial results; provides outlook for 2017 . Q4 loss per share $2.00 . Q4 adjusted earnings per share $0.83 . Q4 sales $9.6 billion versus I/B/E/S view $9.84 billion . Q4 earnings per share view $0.66 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted earnings per share about $2.90 excluding items . Sees FY 2017 earnings per share about $2.30 . Says current outlook for sales and revenues in 2017 is a range of $36 billion to $39 billion with a midpoint of $37.5 billion . Says expect 2017 profit per share of about $2.30 at midpoint of sales and revenues outlook range . Says excluding restructuring costs of about $500 million, we expect 2017 adjusted profit of about $2.90 per share at midpoint . FY2017 earnings per share view $3.04 -- Thomson Reuters I/B/E/S . Outlook range reflects an expectation that dealers will not reduce inventories in 2017 as much as they did in 2016. . Caterpillar inventory declined about $900 million during Q4 of 2016 . At end of 2016, past dues at CAT Financial were 2.38 percent, compared with 2.14 percent at end of 2015 . As of December 31, 2016, CAT Financial's allowance for credit losses totaled $343 million, compared with $338 million at year-end 2015 . Dealer machine and engine inventories decreased about $800 million in Q4 of 2016, compared with a decrease of about $1.0 billion in Q4 of 2015.  Full Article

Caterpillar says world dealer rolling 3 month retail sales statistics of machines for period ended Nov 2016 down 17 percent
Tuesday, 20 Dec 2016 09:36am EST 

Caterpillar Inc : World dealer rolling 3 month retail sales statistics of machines for period ended Nov 2016 down 17 percent . North America dealer reported retail sales statistics of machines for 3-month rolling period ended November 2016 down 19 percent .Asia/Pacific dealer reported retail sales statistics of machines for 3-month rolling period ended November 2016 up 11 percent.  Full Article

More From Around the Web

Caterpillar asks ex-U.S. att'y general to help address govt probe

March 17 Caterpillar Inc said it had retained former U.S. Attorney General William Barr as outside counsel and tasked him to help the company address an ongoing government investigation of its import and export practices.